Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value of Financial Instruments

Schedule of carrying amounts, estimated fair values, and placement in the fair value hierarchy of financial instruments not measured at fair value on a recurring or non-recurring basis

	Carrying
(in thousands)	Amount		Fair Value		Level 1		Level 2		Level 3
March 31, 2014
Financial assets
Cash and short-term investments	$	82,954	$	82,954	$	82,954	$	—	$	—
Mortgage loans held for sale	3,473		3,600		—		3,600		—
Federal Home Loan Bank stock and other securities	7,347		7,347		—		7,347		—
Loans, net	1,700,028		1,713,562		—		—		1,713,562
Accrued interest receivable	5,658		5,658		5,658		—		—
Financial liabilities
Deposits	$	1,987,387	$	1,989,147	$	—	$	1,989,147	$	—
Short-term borrowings	71,184		71,184		—		71,184		—
FHLB advances	34,288		35,077		—		35,077		—
Accrued interest payable	125		125		125		—		—

	Carrying
(in thousands)	Amount		Fair Value		Level 1		Level 2		Level 3
December 31, 2013
Financial assets
Cash and short-term investments	$	70,770	$	70,770	$	70,770	$	—	$	—
Mortgage loans held for sale	1,757		1,817		—		1,817		—
Federal Home Loan Bank stock and other securities	7,347		7,347		—		7,347		—
Loans, net	1,692,828		1,703,291		—		—		1,703,291
Accrued interest receivable	5,712		5,712		5,712		—		—
Financial liabilities
Deposits	$	1,980,937	$	1,983,029	$	—	$	1,983,029	$	—
Short-term borrowings	117,910		117,910		—		117,910		—
FHLB advances	34,329		35,166		—		35,166		—
Accrued interest payable	128		128		128		—		—